Loan Recovery Officer at Ave Maria Multipurpose Investment Limited (AMMIL)

Duties & Responsibilities

• Follow up with customers for all outstanding payments and identify problematic accounts. Ensures Non-Performing Loans are followed up and monitored diligently.
• Responsible for communicating with delinquent borrowers, and establishing and developing effective payment plans with the delinquent borrowers.
• Making collection efforts on past due accounts vide site visit, email or phone in order to achieve prompt payment.
• Advise borrowers of their legal liabilities under existing contract law (including the interpretation of their liability under the loan agreement).
• Perform daily operational or admin duties of the department including daily reports and processing of accounts.
• Compile statistics and reports related to Credit Admin for management review.
• Liaise with lawyers to issue a Notice of Demand and Notice to Recall
• Follow up with lawyers on litigation cases until the cases are closed.
• Submit the litigation cases to the judge
• Attend Court to meet with the Judges whenever required.
• All other matters ancillary to the above and perform any other related duties that Management may require from time to time.

Requirements & Qualifications

• A Degree in Banking / Finance / Accounting or Economics is preferred.
• Minimum of 2 years experience in a loan recovery role.
• Good communication skills.
• Familiarity with bank deposits/loan products.